PG Mutual

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The investment element explained…

PG Mutual, as the name suggests is a Mutual Society formed back in 1928. Whilst we are a fully regulated by the FCA & PRA we are also different from most other insurers in that we are “not for profit”.

PG Mutual does not have external shareholders but is run for its members (policyholders), and each year our members receive a share of our profit. (See Key Features for more information)

The profit we return to our members is held in each individual’s “Capital Account” and builds every year in a similar manner to an investment.

PLUS each year we apply an interest element to our member’s capital accounts which helps their investment grow even faster.

PLUS each member receives their share whether they have claimed on their income protection policy or not.

Take a look below at how much PG Mutual members have benefited over the last three full accounting years of membership:

PG Mutual members profit share 2012 - 2014
Average Interest Rate Applied to members balances 3.16%
Amount paid into members accounts £3,236,317
Amount paid out to leaving members £2,265,000

Figures taken from fully audited accounts 2012, 2013 & 2014.

Around 300,000 UK workers fall into the welfare system because of health-related issues each year, with those on long-term sick leave missing out on £4 billion a year in lost earnings.

February 2016